The state of Solana: will the layer-1 protocol rise again in 2023?

About 2 months aft the FTX collapse, the Solana web is stronger than ever, according to Austin Federa, the caput of strategy and communications astatine the Solana Foundation. 

Federa defines the caller SOL token terms clang arsenic a short-term marketplace absorption to the perceived transportation betwixt Solana and the defunct crypto speech FTX. While FTX laminitis Sam Bankman-Fried was invested successful galore Solana-based projects, Federa pointed retired helium didn't person immoderate power connected the network’s operations and fundamentals. 

“The outer cognition was that determination was a precise adjacent narration betwixt the Solana web and FTX, which wasn't the case," Federa explained successful a caller interrogation with Cointelegraph. 

According to a caller study by Electric Capital, the Solana web has been experiencing a grounds inflow of developers contributing to the ecosystem. 

To Federa, developers are progressively gathering connected the Solana web due to the fact that of its main worth proposition: inexpensive and accelerated transactions.

“You tin physique caller types of products and services that aren't transaction-constrained," helium pointed out.

When asked to code the occupation of outages that person plagued the web implicit the past year, Federa mentioned a fig of method upgrades that should amended the stableness of the web successful the months to come. One of them is the caller instauration of precedence fees, which should trim the magnitude of transaction spam connected the network. 

Federa besides mentioned firedancer, a caller validator lawsuit that is expected to spell unrecorded connected Solana's mainnet by the extremity of 2023. 

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